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Zynga plans to list stock on Nasdaq

Zynga plans to list stock on Nasdaq

October 14th, 2011 in News

SAN FRANCISCO (AP) - Online game maker Zynga Inc. is planning to list its stock on the Nasdaq Stock Market.

Zynga said in a filing Thursday with Securities and Exchange Commission that it expects to list its shares on the exchange under the ticker symbol "ZNGA."

The San Francisco-based company filed for its initial public offering in July. When its shares will begin trading or at what price remains undetermined.

Most of Zynga's games, such as "FarmVille" and "Mafia Wars," are played on Facebook. The games are free to play. Zynga makes money by charging for virtual items to improve play.

The company is working on a service called "Project Z" that will serve as an online play area, though users will still need to have a Facebook account to log on.